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$5,375,000

Beds
5
Baths
5.5
sq ft
4,083

1361 Berea Pl, Pacific Palisades, CA 90272

1361 Berea Pl

Pacific Palisades, CA 90272

  • 150 days on market
    • Price drop $320,000↓
Perched above the highly sought-after Palisades village sits this stunning home spanning three levels and boasting 5 bedrooms, 5.5 bathrooms, and 4,083 SqFt of living space. Panoramic ocean and mountain views grace every level, creating an ever-present reminder of the beauty and serenity that surrounds you. Once you step inside the gracious entry, you are immediately greeted by high ceilings, hardwood floors and three skylights that irradiate the space with natural light, creating an inviting and warm atmosphere. The main level showcases a large cozy formal living room adorned with a travertine stone fireplace that seamlessly opens to a balcony equipped with a dumbwaiter, ensuring effortless entertaining. Prepare to be captivated as you enter the dining room, where explosive panoramic ocean views unfold before your eyes. This elegant space provides the perfect backdrop for hosting memorable gatherings. Adjacent to the dining room, you will find the ultimate kitchen that is truly a chef's dream featuring a subzero fridge, Wolf appliances, a state-of-the-art wood burning pizza oven, custom cabinetry with quartzite countertops, a walk-in pantry and spectacular ocean views. Completing the main level is a guest bedroom and two car garage with direct entry into the home. Descending to the second lower level, you will discover a secondary bedroom, which can also serve as an office. The primary bedroom suite is also on this level and features dual walk-in closets, a private balcony with endless ocean views and the en-suite spa-like bathroom equipped with dual sinks, a luxurious soaking tub, a dual head steam shower, and a water closet with a bidet. The third lower level of the home presents an 800-bottle temperature-controlled wine cellar and two more generously-sized bedrooms, each with en-suite baths and a private entrance for that level ensuring privacy and comfort for family members or guests. These bedrooms open up to a large deck, thoughtfully designed with an outdoor kitchen equipped with a Santa Maria grill, a fridge, an ice maker, and a bar. Whether you are hosting a barbecue or simply enjoying an al fresco meal, this outdoor oasis is the epitome of luxury living. The terraced yard is a gardener's paradise. It is completely enveloped by lush greenery and boasts a variety of fruit and vegetable trees that add beauty and charm to the property. Imagine harvesting fresh produce from your own backyard and enjoying the fruits of nature's bounty. Don't miss this opportunity to own such a unique property that is minutes from the famed Caruso Palisades Village, world class dining/shopping, hiking trails and the Pacific Ocean.

Details

Property type

Single Family Residence

Est. home value

$5,719,500

Lot size

8,374 sq ft

Price per sq ft

$1,317

Year built

1960

HOA

No

Price History

04/24/2024
CLAW

CLAW #24354085

Price change
$5,375,000
-5.62%
02/02/2024
CLAW

CLAW #24354085

Listed
$5,695,000

Schools & Community

Neighborhood: 

Pacific Palisades

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$3,277,349
Asking price
$5,375,000
Closing costs (~8% of asking)
-$430,000
Est. remaining loan balance
-$1,667,651
Cash to seller
$3,277,349

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

April 2020

Original loan amount

$1,822,000

Est. remaining balance

$1,667,651

Interest rate

3.49%

Loan type

New Conventional, 30 year

Seller

David L Witherow and Gena M Bell

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/01/2024 at 10:20 AM

Listing updated: 06/21/2024 at 5:43 PM

Listed by: Marco Rufo, The Agency Phone #: (424) 325-5000

MLS: CLAW #24354085

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